FXstreet.com (Barcelona) - Dollar weakness has resumed and, after Tuesday's recovery attempt was capped at 1.0375, the Dollar has broken below 1.0300, to hit 1.0260 fresh 14-month low during Wednesday's European session.
On a longer point of view, the ecPulse.com analysis team sees the Dollar moing south, targeting 1.0120: The pair is trading steadily and slowly declining within the bearish channel shown on the image above, where it represents the short term bearish wave; thus, there is nothing impeding the pair's downside move so far. The pair is currently targeting the minor support level at 1.0120 and then the main targets for this wave at 1.0000.
Support levels, according to the ecPulse.com analysis team, lie at 1.0250, 1.0175 and 1.0090. On the upside, resistance levels are 1.0310, 1.0350 and 1.0400.